Netflix Misses U.S. Subscriber Growth Targets, Stock Plummets

Netflix added a net 3.6 million streaming subscribers worldwide in the third quarter, but gained far fewer subscribers in the U.S. than expected — sending the company’s stock plunging more than 14% Wednesday in after-hours trading.

For the quarter ended Sept. 30, Netflix reported 69.17 million streaming subs. It added 2.74 million overseas, better than its previous projections, but added just 880,000 in the States compared with its forecast of 1.15 million for the quarter.